We were approached by a client who had received an enquiry in relation to his foreign earnings.
On review of his income tax return, we amended his tax return to correct the residency. The amendment was queried by the ATO and it resulted in an audit.
We prepared an objection on behalf of the client and submitted the required information to establish that the client was no longer a tax resident of Australia. After discussions, the ATO accepted the amendment and change in client’s residency status.
This resulted in a refund of approx. $37,000 and not required to report overseas income for future years until the client remained non-resident.
The client was extremely happy with the outcome and our representation to the ATO.